Jacobs Engineering Group Inc. : Jacobs Wins Contract for Vale's New Acid Plant in Canada
03/13/2012| 06:50am US/Eastern
PASADENA, Calif., March 13, 2012 /PRNewswire/ - Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from Vale Canada Ltd. (Vale) to design and supply a new sulfuric acid plant for its Sudbury smelter in Ontario, Canada.
The acid plant contract, with an estimated value of $55 million, includes the design of the complete sulfuric acid plant contact section, as well as supply of all equipment and some materials. The plant features Jacobs' proprietary Chemetics(®) equipment throughout, including stainless steel converter (with internal exchanger), radial flow gas-gas exchangers, acid coolers and SARAMET(®) distributors and piping. The bulk of the proprietary equipment is expected to be fabricated at Jacobs' facility in Pickering, Ontario.
The new acid plant is part of Vale's Clean Atmospheric Emissions Reduction (AER) Project. The overall AER Project is designed to cut sulfur dioxide emissions at the Sudbury site by more than 70 percent from current levels. Vale considers the Clean AER Project to be the most significant environmental investment ever contemplated in the Sudbury Basin.
Jacobs Group Vice President Andy Kremer stated, "We are very pleased that Vale has selected our technology for this important project, and we look forward to continuing our relationship with Vale."
This is the second major project for Jacobs' at the site; it was awarded a contract to modernize the existing acid plant in 2002. In addition, it has had numerous orders for proprietary equipment since the original acid plant was built in the 90s.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2011 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.